Wish I'd said that - November 20, 2019
“More than a century ago, Sir Francis Galton, a pioneer of statistics, attended an English fair. More than 800 guessed the weight of a bull. The total sum, divided by the number of guessers gave the weight – to the pound. This phenomenon, which is also known as ‘the wisdom of many,’ explains why democratized stock markets, with more people drawing information from more independent sources, can better allocate capital than the isolated few.”
Reuven Brenner in National Post June 15, 2000